2019 Part B Monthly Premium

However, if your Medicare premiums are paid directly from your Social Security benefits, Medicare cannot cause you to receive less Social Security than you did in the previous year. Accordingly, most people who receive Social Security benefits pay less than $135.50.

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Medicare Part C is an optional replacement for Part A and Part B. Part C members still pay Part B premiums, and also join a private insurance plan.

Medicare Advantage Premiums

Average Medicare Advantage premiums are projected to drop to $28.00 in 2019. Although each Medicare Advantage plan is different, the government believes that monthly Medicare Advantage premiums will have actually decreased by $3.72 per month over the past 3 years!

Calling an agent via HealthCare.com is an easy way to compare Medicare Advantage prices. You can also use HealthCare.com’s plan comparison tool to check out Medicare Advantage in your area.

2019 Medicare Advantage Maximum Out-of-Pocket Cost

In 2019, the maximum out-of-pocket cost for those with Medicare Advantage is $6,700. You won’t have to pay a penny more than this amount for services that would have been covered under Original Medicare (Parts A & B).

However, this only applies to services that would have been covered under Original Medicare. Additional services in certain Part C plans – such as Silver Sneakers, weight loss programs or RX drugs – can exceed this limit.

Medicare Part D is optional RX drug help that works with Medicare. People cannot be denied coverage due to health reasons.

2019 Part D Maximum Deductible

For standalone Part D coverage, the maximum annual deductible is $405, meaning there is no increase over last year.

2019 Part D Monthly Premium

Average Part D premiums are expected to fall to $32.50 in 2019. The average Part D premium has been between $30 and $35 per month for over a decade.

The chart below shows your estimated prescription drug plan monthly premium based on your income. If your income is above a certain limit, you will pay an income-related monthly adjustment amount in addition to your plan premium.

If your yearly income
in 2017 was:

You pay
(in 2019):

File individual tax return

File joint tax return

File married & separate tax return

$85,000 or less

$170,000 or less

$85,000 or less

Your plan premium

above $85,000
up to $107,000

above $170,000
up to $214,000

not applicable

$12.40 + your plan premium

above $107,000
up to $133,500

above $214,000
up to $267,000

not applicable

$31.90 + your plan premium

above $133,500
up to $160,000

above $267,000
up to $320,000

not applicable

$51.40 + your plan premium

above $160,000
up to $500,000

above $320,000
up to $750,000

above $85,000
up to $415,000

$70.90 + your plan premium

above $500,000

above $750,000

above $415,000

$77.40 + your plan premium

2019 Part D Initial Coverage Period

For standard Part D plans, the initial coverage period lasts until you spend $3,820 per year in out-of-pocket coinsurance. Part D enrollees are required to pay 25% of costs for covered drugs during this period.

2019 Part D National Base Beneficiary Premium

The Part D base premium is $33.19, a decrease of $1.83 from last year. This figure is used to estimate the Part D late enrollment penalty and the income-related monthly adjustment amounts listed in the table above. The national base beneficiary premium amount can change each year.

What if I’m Paying More Due to My 2017 Income?

Income-based Medicare charges are tied to your tax returns from two years ago. These extra costs are not permanent. If you report less income on your tax return in 2018 and beyond, then you’ll begin to pay less for Medicare coverage.

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